2 Year Online Fixed Rate Cash ISA

Savings Hub

†AER stands for Annual Equivalent Rate and shows what the interest rate would be if interest was paid and added each year. All ISA interest is paid tax-free, which means it’s exempt from income tax. Tax rules may change in future. Please be aware that products can be withdrawn at any time and without notice.

Transferring a Help to Buy ISA to a Lifetime ISA

If you’re thinking about transferring an existing Help to Buy ISA or other ISA into your Skipton Cash Lifetime ISA in this tax year, our window to do so closes on 1 March 2018. After this date, you will no longer be able to apply to transfer into your Skipton Cash Lifetime ISA in the 2017/18 tax year.

Why transfer your Help to Buy ISA now?

You can make a single transfer of the balance of a Help to Buy ISA as at 5 April 2017 without it counting towards your £4,000 annual Lifetime ISA allowance in the 2017/18 tax year. The whole amount you pay in will benefit from the 25% government bonus.

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Important Information:

It can take up to 30 days for ISA funds to be transferred between providers. By getting your transfer request to us now, we will be able to process your request in time for your funds to reach your Skipton Cash Lifetime ISA before the end of the tax year on 5 April 2018.

After the 1 March deadline, you will no longer be able to apply to transfer into your Skipton Cash Lifetime ISA in the 2017/18 tax year.

You can only use the bonus from either a Lifetime ISA or a Help to Buy ISA – and not from both – to buy your first home. Therefore, if you intend using the money in your Lifetime ISA for this purpose, the only way to ensure that you receive a 25% government bonus on the money you’d built up in your Help To Buy ISA before 6 April 2017 without affecting your Lifetime ISA allowance is to transfer it before the end of this tax year. You can use your Lifetime ISA to buy your first home 12 months after opening it.

How to transfer your Help to Buy ISA

Log into Skipton Online and select your Lifetime ISA

Select ‘ISA Transfer In'

Choose ‘Help to buy ISA transfer in from another provider’ and follow the instructions online – you need to print, sign and return the completed form

If you do not post your completed application by 1 March 2018 your funds may not land in your account by 5 April 2018.

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Site intended for UK residents only. Skipton Building Society is a member of the Building Societies Association. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, under registration number 153706, for accepting deposits, advising on and arranging mortgages and providing Restricted financial advice. Principal Office, The Bailey, Skipton, North Yorkshire, BD23 1DN.